Defining the government’s debt and deficit by Timothy Irwin published by IMF (12/2015) indicated by Alvaro Manoel. “Although the budget deficit and the public debt feature prominently in political debate and economic research, there is no agreement about how…
Getting the dog to bark: Disclosing fiscal risks from the financial by Tomithy C. Irwin published by IMF (9/2015). “Fiscal reporting is intended to warn of fiscal crises while there is still time to prevent them. The recent crisis…
Why we’re all crony capitalists, like it or not by Neil Irwin published by The New York Times (6/2014). “If there’s one thing that populists on the left and right can agree upon, it is disdain for crony capitalism….
Some algebra of fiscal transparency: How accounting devices work and how to reveal them prepared by Timothy C. Irwin published by IMF (9/2012). “Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized…
Accounting devices and fiscal illusions prepared by Timothy C. Irwin published by IMF (3/2012). “A government seeking to reduce its deficit can be tempted to replace genuine spending cuts or tax increases with accounting devices that give illusion of…